Can I retire at age 66 with 647,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$53,429$52,953$52,488$52,035$51,593$50,572
2 years$26,450$25,957$25,480$25,017$24,568$23,544
3 years$17,458$16,963$16,487$16,029$15,587$14,591
4 years$12,963$12,470$11,998$11,548$11,117$10,157
5 years$10,267$9,777$9,311$8,870$8,451$7,530
6 years$8,470$7,983$7,525$7,093$6,687$5,806
7 years$7,187$6,704$6,253$5,832$5,438$4,598
8 years$6,225$5,747$5,303$4,892$4,511$3,711
9 years$5,477$5,004$4,568$4,167$3,799$3,039
10 years$4,879$4,410$3,982$3,592$3,237$2,515
11 years$4,391$3,926$3,506$3,126$2,784$2,100
12 years$3,984$3,524$3,111$2,742$2,413$1,765
13 years$3,639$3,185$2,780$2,421$2,104$1,492
14 years$3,345$2,895$2,498$2,149$1,844$1,267
15 years$3,090$2,645$2,255$1,916$1,624$1,080
16 years$2,866$2,426$2,045$1,716$1,435$924
17 years$2,670$2,235$1,860$1,542$1,272$792
18 years$2,495$2,065$1,698$1,389$1,131$681
19 years$2,339$1,914$1,555$1,255$1,008$586
20 years$2,199$1,778$1,427$1,137$901$505
21 years$2,072$1,656$1,312$1,032$806$437
22 years$1,957$1,546$1,210$938$723$377
23 years$1,852$1,446$1,117$855$649$327
24 years$1,756$1,355$1,033$779$583$283
25 years$1,668$1,271$957$712$525$245
26 years$1,587$1,195$887$651$473$213
27 years$1,512$1,125$824$596$426$185
28 years$1,442$1,060$766$546$384$160
29 years$1,377$1,000$713$501$347$139
30 years$1,317$944$664$459$314$121
31 years$1,261$893$619$422$284$105
32 years$1,208$845$577$388$257$91
33 years$1,159$800$539$357$232$80
34 years$1,112$758$504$328$210$69
35 years$1,069$719$471$302$190$60
36 years$1,028$682$441$278$172$52
37 years$989$648$412$256$156$46
38 years$952$616$386$236$142$40
39 years$917$586$362$218$129$35
40 years$885$557$339$201$117$30
41 years$853$530$318$185$106$26
42 years$824$505$298$171$96$23
43 years$796$481$280$158$87$20
44 years$769$459$263$146$79$17
45 years$743$438$247$135$72$15
46 years$719$417$232$124$65$13
47 years$696$398$218$115$59$11
48 years$673$380$205$106$54$10
49 years$652$363$192$98$49$9
50 years$632$347$181$91$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $647,000, adding $3,809 every year, while hoping to spend $34,488 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/25/6 Blend
65$647,000$647,000$647,000$647,000
66$716,923$682,632$672,603$765,530
67$753,354$679,386$658,441$794,940
68$792,345$674,825$642,648$822,511
69$834,122$668,848$625,133$851,724
70$878,929$661,349$605,802$882,733
71$927,038$652,213$584,555$915,708
72$978,746$641,322$561,287$950,838
73$1,034,378$628,546$535,890$988,328
74$1,094,292$613,753$508,251$1,028,410
75$1,158,881$596,798$478,249$1,071,337
76$1,228,578$577,532$445,760$1,117,391
77$1,303,855$555,793$410,655$1,166,882
78$1,385,234$531,413$372,798$1,220,153
79$1,473,288$504,212$332,047$1,277,585
80$1,568,646$474,001$288,253$1,339,597
81$1,672,001$440,581$241,263$1,406,654
82$1,784,114$403,738$190,914$1,479,269
83$1,905,822$363,249$137,038$1,558,010
84$2,038,045$318,878$79,458$1,643,504
85$2,181,797$270,374$17,992$1,736,444
86$2,338,192$217,474$0$1,837,597
87$2,508,455$159,898$0$1,950,856
88$2,693,935$97,351$0$2,075,538
89$2,896,118$29,522$0$2,211,535
90$3,116,636$0$0$2,360,005
91$3,357,289$0$0$2,534,306
92$3,620,054$0$0$2,733,524
93$3,907,112$0$0$2,951,196
94$4,220,861$0$0$3,189,144
95$4,563,942$0$0$3,449,376
96$4,939,262$0$0$3,734,102
97$5,350,024$0$0$4,045,756
98$5,799,753$0$0$4,387,019
99$6,292,331$0$0$4,760,841
100$6,832,033$0$0$5,170,472